New York Laws
Title 1 - Power Authority of the State of New York
1005-B - New York State Canal Corporation.

(a) operate, maintain, construct, reconstruct, improve, develop,
finance, and promote the canal system;
(b) sue and be sued;
(c) have a seal and alter the same at pleasure;
(d) make and alter by-laws for its organization and internal
management and make rules and regulations governing the use of its
property and facilities;
(e) appoint officers and employees and fix their compensation;
(f) make and execute contracts and all other instruments necessary or
convenient for the exercise of its powers and functions under this
chapter;
(g) acquire, hold, and dispose of real or personal property for its
corporate purposes;
(h) engage the services of private consultants on a contract basis for
rendering professional and technical assistance and advice;
(i) procure insurance against any loss in connection with its
activities, properties, and other assets, in such amount and from such
insurers as it deems desirable;
(j) invest any funds of the canal corporation, or any other monies
under its custody and control not required for immediate use or
disbursement, at the discretion of the canal corporation, in obligations
of the state or the United States government or obligations the
principal and interest of which are guaranteed by the state or the
United States government, or in any other obligations in which the
comptroller of the state is authorized to invest pursuant to section
ninety-eight-a of the state finance law;
(k) exercise those powers and duties of the authority delegated to it
by the authority;
(l) prepare and submit a capital program plan pursuant to section ten
of the canal law;
(m) approve and implement the New York state canal recreationway plan
submitted pursuant to section one hundred thirty-eight-c of the canal
law. The canal corporation's review and approval of the canal
recreationway plan shall be based upon its consideration of a generic
environmental impact statement prepared by the canal corporation in
accordance with article eight of the environmental conservation law and
the regulations thereunder. Prior to the implementation of any
substantial improvement by the canal corporation on canal lands, canal
terminals, or canal terminal lands, or the lease of canal lands, canal
terminals, or canal terminal lands for substantial commercial

improvement, the canal corporation, in addition to any review taken
pursuant to section 14.09 of the parks, recreation and historic
preservation law, shall conduct a reconnaissance level survey within
three thousand feet of such lands to be improved of the type, location,
and significance of historic buildings, sites, and districts listed on,
or which may be eligible, for the state or national registers of
historic places. The findings of such survey shall be used to identify
significant historical resources and to determine whether the proposed
improvements are compatible with such historic buildings, sites, and
districts;
(n) enter on any lands, waters, or premises for the purpose of making
borings, soundings, and surveys;
(o) accept any gifts or any grant of funds or property from the
federal government or from the state or any other federal or state
public body or political subdivision or any other person and to comply
with the terms and conditions thereof; and
(p) waive any fee for a work permit which it has the power to issue if
in its discretion the project which is subject to a work permit would
add value to canal lands without any cost to the canal corporation, the
authority, or the state.
10. (a) The canal corporation shall review the budget request
submitted by the canal recreationway commission pursuant to section one
hundred thirty-eight-b of the canal law.
(b) The canal corporation, on or before the fifteenth day of September
of each year, shall submit to the director of the budget a request for
the expenditure of funds available from the New York state canal system
development fund pursuant to section ninety-two-u of the state finance
law or available from any other non-federal sources appropriated from
the state treasury.
(c) In the event that the request submitted by the canal corporation
to the director of the budget differs from the request submitted by the
commission to the canal corporation, then the request submitted by the
canal corporation to the director of the budget shall specify the
differences and shall set forth the reasons for such differences.
11. The canal corporation shall not have the power to issue bonds,
notes, or other evidences of indebtedness; provided that notwithstanding
the foregoing, the canal corporation may agree to repay amounts advanced
to the canal corporation by the authority and to evidence such agreement
by delivery of a promissory note or notes to the authority.
12. The canal corporation may do any and all things necessary or
convenient to carry out and exercise the powers given and granted by
this section.
13. The authority and all other state officers, departments, boards,
divisions, commissions, public authorities, and public benefit
corporations may render such services to the canal corporation within
their respective functions as may be requested by the canal corporation.
14. Whenever any state political subdivision, municipality,
commission, agency, officer, department, board, division, or person is
authorized and empowered for any of the purposes of this title to
cooperate and enter into agreements with the authority, such state
political subdivision, municipality, commission, agency, officer,
department, board, division, or person shall have the same authorization
and power for any such purposes to cooperate and enter into agreements
with the canal corporation.